The S&P 500 is 20% Above its 200 Day Moving Average

By on October 16, 2009

Small Fish, Big Odds points out the upside may be limited from here because the most the S&P 500 has ever been above its 200MA was 23%. However, the sample size is too small to rely on for any reliable conclusion. Since May 1975 there have only been 12 instances in which the S&P 500 has reached the 20% milestone so we have quite a rally going here if it wasn’t evident already.

SMA Comment: Personally, I’d much rather be selling at these levels than buying; which I’ve been doing in my personal trading account. There are plenty who disagree as the market continues to defy expectations to the upside.


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